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SharpLink Gaming (SBET) Soars 15.91% on Ethereum Strategy

Generated by AI AgentAinvest Pre-Market Radar

Friday, Jul 4, 2025 4:48 am ET1min read

SharpLink Gaming (SBET) has surged 15.91% in pre-market trading on July 4, 2025, driven by the growing excitement around EthereumETH-- (ETH) and the company's strategic treasury moves.

SharpLink Gaming has been capitalizing on the Ethereum buzz, revealing its ETH treasury strategy with significant holdings and staking rewards. The company's stock has seen increased investor confidence, bolstered by its strategic moves in the Ethereum market. SharpLink Gaming's decision to hold a substantial amount of ETH and its staking rewards have contributed to the positive market sentiment surrounding the stock.

Despite a recent 70% plunge in after-hours trading due to an SEC filing allowing early PIPE investors to resell nearly 59 million shares, there is speculation that SharpLink GamingSBET-- might have quietly raised up to $1 billion to purchase more ETH. This potential move could trigger a stock rebound if announced, adding to the overall bullish outlook for the company.

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